Vishay Precision Group Inc (NYSE:VPG) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $47.00 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 228 out of 256 based on the ratings given to related companies.
Separately, ValuEngine raised shares of Vishay Precision Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th.
A number of hedge funds have recently modified their holdings of VPG. BlackRock Inc. boosted its stake in shares of Vishay Precision Group by 3.1% during the 2nd quarter. BlackRock Inc. now owns 768,344 shares of the scientific and technical instruments company’s stock worth $31,218,000 after buying an additional 23,281 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Vishay Precision Group by 5.7% in the second quarter. Renaissance Technologies LLC now owns 750,900 shares of the scientific and technical instruments company’s stock valued at $30,509,000 after acquiring an additional 40,200 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vishay Precision Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 526,625 shares of the scientific and technical instruments company’s stock worth $21,397,000 after acquiring an additional 6,547 shares in the last quarter. Royce & Associates LP raised its holdings in Vishay Precision Group by 27.8% during the first quarter. Royce & Associates LP now owns 329,351 shares of the scientific and technical instruments company’s stock worth $11,267,000 after acquiring an additional 71,551 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Vishay Precision Group by 15.6% during the second quarter. Royal Bank of Canada now owns 283,237 shares of the scientific and technical instruments company’s stock valued at $11,508,000 after purchasing an additional 38,242 shares during the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Shares of NYSE:VPG traded up $0.48 during mid-day trading on Friday, reaching $35.40. 69,108 shares of the stock were exchanged, compared to its average volume of 53,999. The stock’s 50 day simple moving average is $34.21 and its 200-day simple moving average is $36.64. Vishay Precision Group has a one year low of $26.34 and a one year high of $41.90. The company has a market cap of $456.64 million, a P/E ratio of 17.27, a P/E/G ratio of 0.88 and a beta of 1.10. The company has a quick ratio of 3.12, a current ratio of 4.39 and a debt-to-equity ratio of 0.09.
Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.07). The firm had revenue of $70.90 million during the quarter, compared to the consensus estimate of $73.71 million. Vishay Precision Group had a net margin of 8.26% and a return on equity of 13.16%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Analysts anticipate that Vishay Precision Group will post 1.91 EPS for the current fiscal year.
About Vishay Precision Group
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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